Letgo is online e-commerce marketplace which facilitates user with buying from , selling to and chatting with different vendors present in application . It was initially launched in 2015 by Enrique Linares with single aim , ie to become largest second hand marketplace in the world . Their hard work has helped them with raising & $ 975 million since the time they has established themselves in app and website marketplace . It can be seen as perfect example of how can a startup has got a chance to beat old players in marketplace .
In this article , we will review features as well as functions of Letgo and how you can actually build marketplace app like Letgo for buying and selling of almost everything and succeed .
Planning To Develop App Like Letgo ? About Letgo & Reason For Its Popularity
Letgo is one among the biggest name in e-commerce corporations as is Shpock or eBay . These apps has single aim : To facilitate people to connect with local people who way to either buy or sell stuff . User can firstly view / post the product and then can chat with the buyer/seller and then can buy / sell the product . Letgo is completely free application app to post / buy products .
Almost 5,00,000 used items are posted daily on Letgo and more than 1,00,000 items are purchased . Letgo has financial flow of 5M USD on daily basis as per recent report by DMR statistics . Letgo is now expanding their branches globally . In present terms it has presence in more than 25 countries and majority of its users are in USA .
Working Criteria Of Letgo
The reason of its success is easy user interference and user experience of app . Let’s quickly discuss its main features :
One of the main features after downloading buy-and-sell marketplace mobile app is user registration . It can be either by email / phone or by social login like Facebook , Gmail , Twitter , Apple Sign in .
After successful registration , it will bring you to screen wherein you can simply click photo , enter their price and post the product to sell . Letgo has very intelligent built in artificial intelligence system by which they recognise the category of the product in automated manner with use of AI . After posting of pic , all you need to do is write the price of the product or you may even post it for free cost .
That’s all you have to do if you are willing to sell your product . After posting of your product , you will start receiving messages and offers from buyers . You can also edit / update your pricing and description . Apart from it you can also see how many people has viewed your product by just simply clicking item for sales in profile and viewing the product info from eye symbol .
Buying As soon as you signup , app will automatically showcase items which are on sale in your area . A filter option is also present which will showcase you option to filter products as per location , category or posting date . In case you want to get description of the product , you can simply click on the image to get details .You will also find option to send message to seller for further sale cycle .
Unfortunately there is no payment gateway integration , hence we can say there is a room for feeling of unprotected . That is the reason they suggest to give cash in person for sale .
ChatIn this marketplace buyers needs to be connected with seller on real time and at the same time admin needs to take care of. their privacy and frustration . Hence in order to do their best chat features is what it all needs which can be effective mode of communication to connect with each other .
Rating & ReviewsWe all know financial transaction comes with risk . Adding rating and reviews of the seller and buyers willextra layer of trust while dealing with respective people in buying and selling marketplace
In oder to engage user with regular updates free of cost , then push Notificaiton is the only way to achieve that . By this way you can engage your app users as well as they can get any new post as well as chat Notificaiton .
Advance Of Letgo As Compared With Other Marketplace
- Mobile first approach and simple to use interface
- Geolocation tagging that facilitates listing of product according to location
- artificial intelligence and image recognition helps in saving of time as well as selling fast
- Facebook account verification process make it simple
- It is active on overseas market as well like Turkey and Norway
- app is completely free
Now as we all have looked on the features and benefits of Letgo app , the question might be arising in your mind that if app is free then how this app is actually making money ?
How Does Letgo Make Money ?
If you are wondering how actually Letgo is making money , then let me tell you the fact . At this stage app doesn’t make any money from its services , but have strong plan to monetise platform by adding sets of paid features as in gumtree or so . Hence is Winklix suggestions for making money out of such apps :
- integrating payment gateway and start taking our commission for every successful sale
- facilitating user to promote their products post to sell
- charge some more bugs for additional description
- limit number of items they can post in a month or in total
Which Technology Stack Letgo Is Using
Thanks to our team which helps us in Antonio’s monitoring for the Jost post vacancies posted by Letgo on regular basis on their LinkedIn profiles .
As seen above , development team is searching for PHP along with Express.js , React.js and MySQL developers to build web applications .
The mobile app for Android is developed in Java and for iOS they have used Swift both in native platform . Let us guide you the advantages of using this language :
Server Side : Express.js
Express is well know framework for Node.js and is also top rated technology in leading websites and app . In making comparison with other languages , Express.js has faster load and boot time . Additionally it has biggest community while comparing with other frameworks of Node.js . In short we can say this technology is best choice for mobile apps as it delivers faster performance on server side and your app will be more dynamic .
Mobile App Letgo is using native technologies in their mobile app . Java in android and Swift in iOS , thereby using different developers for building different apps . In case you are looking for cost effective solution you may choose hybrid app which may reduce development time and cost .
How To Build Your Own Mobile App Like Letgo
After COVID-19 outbreak basic brick and mortar shops are finding a way to get online to order to reach mass audience over their for buying and selling . Everyone has understand in post covid situation that online presence is must for business as majority of the population worldwide is spending their time and money online .
In order to start of , it is always suggested to start with minimum viable product and basic server and you may grow these with time .
How Much Does It Cost To Develop App Like Letgo ?
The cost of any app development depends on combination of scope of work , technology stack and location of hourly rates of software development company . Cross platform app is cheaper but lacks in performance whereas native apps gives quality app . Hence we always suggest our clients to go with MVP at initial phase to enter the market quickly and grab some app users .
At per our experience and knowledge , the time range may vary between 449 hours to 1020 hours and the price will vary accordingly
Building an app like Shpock or Letgo is not big task from technical side . The important task is to properly plan and select the features you want in your mobile app . If you have properly planned everything in advance , you are halfway to your success . Feel free to contact our technical consultant even after it you have questions .